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FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

6. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

 

At March 31, 2024, the Company had overnight borrowings with the FHLB of $119.5 million at a rate of 5.56 percent compared to $403.8 million of overnight borrowings at the FHLB at a rate of 5.62 percent at December 31, 2023. At March 31, 2024, the Company also had available unused short-term overnight borrowing capacity through the FHLB totaled $1.7 billion, $22.0 million from correspondent banks and $1.6 billion at the Federal Reserve Bank of New York.